tv Mad Money CNBC March 28, 2019 6:00pm-7:00pm EDT
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it's such a commodity. sell it. >> did you know today was hoping day, mel the yankees played in the bronx. really, you didn't know? i'm pointing where the stadium is. >> i've been to yankee stadium many times, guy. >> dollar general. bad news, good price action. i'm just saying. >> all right that does it for us. phil, great to have you desk tomorrow more "fast. don't go anywhere. "mad money" starts right now my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain, but to educate, teach and put it in context call me at no. or tweet me @jimcramer. i spent the last week warning you about how this wave of major
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ipos could cause a lot of collateral damage for the rest of the market as money managers sell their current holdings to pay for this hot new merchandise. but there is another dimension to this story. it's a much more positive one. the dow gained 92 points, s&p climbed 6.3% nasdaq 6.4%. it started with levi's last night and lyft tomorrow. i think we could be looking at maybe the biggest run of ipos in the history of the stock market with a host of household names, companies collectively worth about a trillion dollars it will make owning individual stocks a lot more attractive than they have been in some time, at least until we get to the end of the run you got to understand, we live in a world where half of all new money goes into index funds because how poorly active managers, some with high fees have done. >> i compounded 24% annually after all fees much better than the 8% fund you would have gotten from an s&p index over
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the period that's why everyone loves them, including me i think they're perfect for retirement money however, with all of the sexy ipos that are on the horizon, i'm betting individual stock picking -- >> buy, buy, buy >> -- is about to become a lot more popular again i don't say comeback, but more popular. lyft if all goes as planned, in 24 hours, people who got lyft will feel like they won the lottery okay, not powerful, but certainly better than one of the scratch-off tickets that i admit to liking. if you had been a good client for your broker, you'll get rewarded with shares maybe you get 200 shares i wouldn't be surprised if lyft spikes maybe as much as 10 bucks right out of the gate even with the $72 pricing, or maybe even more but if it is ten buck, some lucky soul will just be up $2,000 nice win
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private college, which costs $76,000 and that's before you bribe the field hockey coach -- just kidding four grand, two grand, three grand, whatever. you know, if you get 400 shares, 20 shares it goes up 20. it's going to be good. that's a decent chunk of change. why does this matter we're about to get a whole string of these deals including huge household names like uber and airbnb and these bountiful moments make stocks seem a heck of a lot more appeals as an asset class. we know they're in disrepute the stocks go down and lose a fortune in seven minutes trading program algorithm. don't you hate all that nonsense any do we have not seen anything but that kind of thing for a long time some of the cloud stocks popped dramatically right out of the gate and we had isolated household names like twitter, facebook, who can forget that travesty of a deal but it's been ages since a bunch of household names came public
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in roughly the same period one of the dirty little secrets at the beginning of the gauntlet it's like the fabulous quinton movie of the same name initially fun but heats up real fast the brokers, here's what they do it's the greatest strategy pricing tonight 72, it's actually good. it's going to entice you into the casino for the next one. they know if they can price these ipos at lower levels where the demand far exceeds the supply, they can engineer a beautiful pop that will beckon more people to put in for the next deals while we hear that lyft is priced, you see that nonsense, i actually think they're giving you a bargain if you can buy it anywhere near from there in the open market. remember, we said 75 was good the other day. as we go through the gauntlet, the deals will get sloppier and soppier until there are real doozies. because of the household names, especially uber, there will be money coming in from regular people hopefully you. anyone could can get a piece of the deals should be able to make
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money. and that's the most in your face example of how you can beat the market by owning individual stocks again, i love index funds. i think they're the perfect vehicle for your retirement fund but if you've got some extra mad money that you can afford to risk losing, i'm a big believer in picking stocks, so long as you do the homework. let me explain this homework process. it's a combination by what i was taught by cnbc regular david dars and peter lynch, the former manager of the magellan fund and fidelity you can get this on amazon, "one up on wall street: how to use what you already know to make money in the market. david tried to get you to look around, talk to everybody, talk to taxi drives, people in elevator, find out what they're doing, keep your eyes open peter lynch said you need to buy the stocks of companies you know from your day to day after doing some homework to make sure the business is actually doing well.
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when lynch book came out in 1989, it was hard to get your hands on the annual reports. now there is a gigantic amount of information available on the websites if anything methodology is even more relevant. how does this work in practice pvh, lululemon and 5 below, they all caught fire. could you have spotted pvh up nearly 15% i think so pvh is the parent company of calvin klein and tommy hilfiger. i put on their pants all the time pvh's european business is amazing. i know when i rent odd house down the block on the madison avenue of berlin, there was a line to get into the tommy hilfiger every morning. i tried to talk to the people, united nations affair, no one spoke english. that's a good sign come on the show every quarter for years. good and bad times if you caught his previous appearance to what happened yesterday, you knew he was very unhappy. he said it on air. it was division that caused a
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shortfall. he said he was going to fix it it will not happen again manny is as bankable as they come if he said is going to fix it, he was going to fix it that's exactly what he did pvh dateable how about 5 below? you can learn by joining the actionalerts.com club. i used to go to the nearby 5 below with my daughter when she was younger, and it was a blast. in peter's book he talks about regional and national stories. if you spot a concept that works in new jersey or philadelphia where i'm from, it will probably work this the rest of the country. that's exactly what happened we had the ceo joel anderson on recently between the interview and the homework we did, i thought 5 below was a must buy, up 8% today. lululemon, it's my wife's favorite place i visited four in the last place. i really like them they're electric i work out in the stuff every morning. so does my wife. matt boss, the unbelievable good retailer and jp morgan kept
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pounding the table about how you should buy lulu's stock. he is the best the 14% run today gettable of course, some gains are unpredictable. after the market closed this very evening, we learned that tim sloan was retiring as ceo of wells fargo because he felt he had become a distraction because of the endless harangues from washington about his leadership, something i asked sloan about directly back in january 25th on this set take a look. >> would it ever be to the point where wells fargo, the directors say tim, you're a liability and you got to resign? >> look, i think if i'm not doing my job, as opposed to somebody having an opinion about me, right, that isn't always informed opinion. >> okay, then of course it would be appropriate that i'm not in this role, if i'm not getting things done. i work for our shareholders. and i work on behalf of the board, right they have high expectations for me and i'm exceeding those expectations. >> he did exceed the expectations he made a lot more money, it was
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a record quarter, got a raise. but it's not going to be enough. he felt he was a distraction so he resigned i wouldn't chase this stock now, though it is a bank it is going up after he resigned but in the end, it's a bank, and bank stocks are awful, no matter who runs them. sorry. here is the bottom line. starting with the lyft ipo, i think the individual stocks are going to start making a bit of a comeback i sense the excitement, the possibilities. but don't leave it to just the ipos there is something going on here in all sorts of high quality companies. you just need to be curious, stop paying attention to politics and pay attention to what you like and what you know, and i think you can make some mad money. steve in california, stevearino. how you? >> caller: i'm good. calling you from california. >> you bet >> caller: well, i breck your rule, jim. i fell in love with a stock called cisco >> you shouldn't >> caller: the question, the question is, and i'm heavily,
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heavily into cisco, but the big question, jim, is tell me when 5g rolls out, is cisco going to be ready for 5g? >> is cisco going to be ready for 5g are we doubting chuck robins you bet not. the only thing i doubt is i have duke and not north carolina winning the whole thing. i think chuck is doing a terrific job he'll be as ready for 5g as you can be ready i want james in massachusetts. >> hi, mr. cramer. thank you for everything that you've done for us >> pleasure. >> caller: i want to know your opinion, and i actually have a question on wpe, do you think there is another company that could possibly give a higher on today's bid? >> no, i think that's it i think you got a good price the stock leaked it went up too much. and i think it's donef fer >> sell, sell, sell, sell, sell,
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sell, buy! >> it is time to praise individual stocks. they're making a come back don't be blind to it i'm not just talking about the very exciting lyft take advantage of what's going on, and don't be afraid to cash in on it, but don't go chase a bank stock because tim sloan left that ain't going to make you no money. on "mad money" tonight, charles dickens, he's not as good as stephen king, first of all how apple and goldman are rewriting great expectation, mrs. haversham i'll tell you many ondalis or kraft. and time to rock the vote with a proxy season primer. so stay with cramer. >> don't miss a second of "mad money. follow @jimcramer on twitter have a question? tweet cramer, #mad tweets. send jim and e-mail at madmoney@cnbc.com. or give us a call at 1-800-743-cnbc
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expectations are the bane of your existence. >> the house of pain >> and not because dickens is incredibly verb bowes. the upside is already baked into the stock price. what you want is no expectations look at the new apple credit card brought to you by goldman sachs. which was a total yawner wall street's take is simple who cares. and therein lies the genius of the project. they polled a couple thousand people guess what the apple card came out on top by far, at 44% the news television streaming service 33%. the news and gaming services at 13 and 11 respectively of course, there were great expectations for television because hollywood loves to talk about itself, and the apple versus netflix narrative made for really good click bait headlines. [ booing ] the news and magazine services are tough because the under 30 crowd doesn't read this and the
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over 30 bit is hide bound honestly if i knew exactly what i would be missing out on if i were to cancel it and take the bundle, well, i probably would but i want my kids to start reading, and it will work for them family plans saves a lot of money. same goes for the streaming video service. that's why i think people sign up for them. but it's the am cart we've got to talk about. the apple cart that is going to be the big winner for apple, maybe even for goldman that's right, goldman's partnering with apple, which goldman desperately wanted to diversify by doing more small business lending and credit card work we had lloyd blank on a long time okay, he talked about this. a former ceo with higher fees that are a fact of life for these high-end charge cards for apple because of its vast cloud, it's the costco of tech goldman bears all the risk but gets more of the rewards when put that interest rate and the money that comes from that the instant cashback is a total win because the point system
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used by other credit cards are opaque is it enough or the you to switch to apple's card if you're on another ecosystem why not. i just did i don't visit yet, but i just made the move. they give you better perks i bet you they can take share from amex. i'm an amex hold tear. at the same time bizarrely goldman has become the cheapest of the earnings stocks even though people feel it has the best reputation. the revenue stream is considered episodic, not steady if they can use their algorithms, fintech, to figure out who to issue the cards to, i think they can use apple's ecosystem to do a real low ball, let's say 10 million users that uses the episodic nature of goldman's business we don't know how many people will be lured by the 2% back or 3% back on an apple store purchase we don't know how many people will switch to apple's system in order to get these tiny gains,
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although lots of tiny gains can add up to lots of money. according to dan shulman, ceo of paypal, what a stock that is, payments represent 100 million global apple got in the market with no financial risk goldman is not cannibalizing anything because they don't have another card apple sets at 15 times next year's everything. goldman sells at just seven times. how embarrassing i think they're undervalued. the tech analysts who follow apple simply don't understand these new stories that i'm talking about. at the end of the day the expectation is the best of kinds, right no expectations. now we just need to wait for the analysts to plug this card into their models, although admit lid that could take a while. but i bet even though goldman's a bank stock, i don't think it can go much lower. kit go higher. and apple, i say own it, don't trade it stick with cramer.
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these days it's become fashionable to say it's impossible to reliably pick winners in the stock market and you're better outsourcing it, putting all your money in a nigh low cost fund that mirrors the broader market i love index funds i love index funds, and i love index funds. i think they're the perfect investment vehicle for most people, and everyone should keep a big chunk of retirement money in them. b but, this isa big but, a sir mix a lot but so to speak, it's possible to pick winning stocks as long as you know what you're looking for and you're willing to do the homework why? because stocks aren't really a piece of paper they represent the piece of companies. and the companies can be very, very different when you know how to tell the good from the bad, you got a huge leg up, and it's worth putting some of your "mad money," the money you don't need for a time into the stocks of individual companies into a
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diversified portfolios did i mention i love index funds? there, i get those people off my back even within the same sector, stocks can have widely varied performances the people rung them make different decision consider the tale of two package food companies go to mondelez, the best of stocks and kraft heinz that's the worst of stocks at the beginning of the year, these companies were roughly equal in value mondelez had a $58 billion market cap, and kraft heinz a $52 billion market cap since then mondelez has surged higher, 23%. kraft heinz has collapsed, plummeting roughly the same amount now the former is a $71 billion company and the lat area $40 billion company. mondelez is thriving while kraft heinz languishes in disrepute. they have similar costs. they distribute their goods through the same supermarkets. they even have the same blood lines. back in 2012 the old kraft foods
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broke itself up. it was spun off while the remaining snack business was rebranded by in a name i never really liked, but whatever, mondelez a few years later, the new kraft foods group, the pantry brands merged with h.j. heinz as part of a megadeal orchestrated by nonetheless warren buffett kraft foods group was subsumed into kraft heinz now before we get into the trajectories, these companies aren't exactly the same. they have one major difference mondelez is all about the hottest area of foods. it's about snacking. you know then as nabisco, oreos, chips ahoy, toblerone, trident gum. kraft heinz is diversified pantry play. they've got jell-o, miracle whip, kool aid, stove top, shake n bake, crystal light, country time lemonade, maxwell's coffee and velveeta, the perfect fallout shelter cheese product
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not exactly cheese it has enough preservatives to survive a nuclear apocalypse i was surprised that it did indeed have a sell date. you can't sell it past january 2020 so it's got -- it's fresh as the day it was packed. we know the pantry plays have struggled in that millennials favor more natural and organic foods that wasn't a problem for kraft heinz. for years mondelez saw its stock flat line while kraft heinz was the darling. for 18 months this thing soared higher and higher to a peak of 97 and change, a little over two years ago. the secret to this company's success? or at least its past success, wall street believed in the kraft heinz deal the conventional wisdom said that heinz's management could make a fortune by cutting costs to the bone at the combine company aided by the wisdom of 3g and warren buffett who was board member as well as a shareholder.
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including the analysts, they wanted kraft heinz by do another gigantic acquisition so when the company made an unsolicited meaning hated takeover bid for unilever, well, its stock caught fire. this thing surged to $97 on that then unilever snubbed them and it's now lost 2/3 of its value thanks in part to last month's hideous meltdown meanwhile, mondelez, what can i say? it has caught fire it's up 23% year to date when mondelez reported its latest quarter, the company delivered a robust basically in line set of numbers. when kraft heinz reported last month, it was debacle. they made grim pronouncements about 2019 and slashed the dividend 36% slash. they took a $15.4 billion write-down on the value of key brands like kraft and oscar
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mayer. say it ain't so, oscar and they revealed that the s.e.c. is looking into their accounting practices when it comes to procurement the stock plunged from 48 to just under 35 in a single day. i don't think that was an overreaction so what separates mondelez from kraft heinz? i think one word, finesse. in recent years, both companies have cut cost. kraft heinz used a meat cleaver. mondelez used a scalpel. they haven't always been super efficient company. in 2014 took a position in mondelez and pushed the company to slash its expenses. mondelez embraced a zero-based budget and turned itself into a lean, mean snack making machine. particularly overseas. the company's net margin, the percentage of sales that they keep as earnings has risen from 6.3% in 2014 to over 10% right now. that's big how is that different from kraft heinz? the private equity firm that made the kraft heinz merger happen, 3g, they pushed for big acquisitions and cut costs to the bone, maybe even through the bone it usually works
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for the first couple of years it worked for kraft heinz as their margins steadily increased then last year the margins collapsed. why? because kraft heinz cut too much it turns out there are only so many people you can lay off before it starts to seriously damage your brands their strategy was penny-wise, pound foolish. by the time last year rolled around the company lost cache with consumers and that's not the only difference while kraft heinz has spent years chasing the next big transformational acquisition, mondelez, which also had a failed takeover bid that >> tried to buy hershey in 2016, changed its strategy instead they did something i think is really smart. they started making lots of small piecemeal acquisitions and divestitures to rebalance the portfolio. unilever does this as well the company is shifting into much more attractive and lucrative markets. for example that >> got rid of their grocery business in australia and new zealand, see you later, 2017 $347 million then they used the cash to buy
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what i think is a brilliant acquisition of tate's bake shop, the premium cookie company, right? you think this stuff, put some born on date in this one i think these last for ten minutes they're so good, right like i can speak all right. just take my word for it and though they had to spend an extra $520 million, mondelez swapped out of a slow boring business for a faster delicious one. tell me you don't like these i have them up the wazoo in my pantry because my wife likes them so much mondelez brought in a new ceo, dirk van de putte, who is always welcome on the show. and i think the results speak for themselves even as i always liked his predecessor, irene rosen felt. while it's not clear if she was actually pushed out, it sure looks like mondelez has real accountability kraft heinz is still run by bernardo and hasn't been questioned or held to account. yeah here you go.
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want some of that cool whip. you get the point. here is the bottom line. when you're picking individual stock, execution matters a well run company like mondelez can produce fabz gains while a poorly run company gets clobbered. and by the way, up here i think mondelez is worth owning kraft heinz, not so much hey, how about phil in new jersey, please phil >> caller: boo-yah a phillies boo-yah, dr. cramer. >> i got to get the final boo-yah, but i know mccutcheon had a nice home run. what's up? >> caller: i got to ask you. i purchased mcdonald's the other day at 185 with the acquisition of that new dynamic yield, it looks like the stone is prone to break out. do you think this is a good long-term stock to keep? >> phil, got it to tell you, i love the acquisition it's really smart. however, i think mcdonald's is an upstock i think it's a great stock it's way behind where i think it should be. it's got a great yield, and i think it's a remarkable job and
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that acquisition will help them. i want you tao stay long i would even buy more. let's go to robin, ooh, in the state my daughter live, oregon robin in oregon. >> caller: hi, jim as always, thanks for all your helpful investing lessons. >> thank you >> caller: jim, you've been a fan of domino's pizza for a long time. >> you bet >> caller: but you've not mentioned it since it tanked big-time in february it's starting to climb back up is this a time to grab it? >> you know, pat doyle's -- a big fan of pat doyle i with us there the day he was named ceo. and i think rich is doing a terrific job but the problem is that they have -- they've got -- they're in the penalty box they've got to deliver a better quarter. and the reason why i haven't pressed it frankly is because i need to see it i need to see a better quarter i really like rich, but i've got to tell you, pat doyle delivered and delivered and delivered. and not just pizza so i'm a little tepid.
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i want rich to really hit the numbers. and it hasn't happened yett toblerone that i got when i was italy which swhich is a rest stp in italy kraft, hard pass much more "mad money." i'm talking to brad ridge to hear how you voice can be heard. buzz your portfolio have what it takes to fight the unknowns this market let me be the judge when we play am i diversified and then the rapid-fire in tonight's edition of the "lightning round." so stay with cramer.
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literacy month, and cnbc has launched a financial education calling invest in you, ready, set, grow! it's all part of a new partnership we have with acorns, the savings and investing app. and we're digging into all of this so you can get through these crazier times and be knowledgeable. guess what else is around now? proxy season for investors, the most wonderful time of the year when a huge number of companies hold their annual meetings and you the shareholders get to vote on all sorts of major decisions it's the one month where we're reminded that the corporate executives only work for you and that's why it's such a game that most home gamers don't actually vote their shares look, i get it if you're a regular person you probably don't own enough for your vote you think to move the needle that's the wrong way to look at it entirely. you should be engaged with what's happening with these companies. it's your job. you deserving to make these decisions. after all, your watching the show, which means you must be savvy, well informed and incredibly good-looking. all right. that's why tonight i want to help you enjoy the fun of proxy
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season, which brings me to broadridge solutions that helps banks run more efficiently and communicate more easily with their clients. among other things, broadridge someone of the leading providers of proxy voting services, and its chairman is a passionate adversary of shareholder engagement let's check in with richard daley -- daly to learn why investment voter matters welcome back to "mad money." thank you so much. have a seat. >> jim, great to be back. >> let's get right to it why should people even pay attention? why? tell me why. there are billions of institutions what does it mean? does it ever matter? >> all right so jim, why when we do a national election does everybody run to ohio? because ohio matters because ohio can go one way or the other. so particularly in proxy contests, all right, where the vote can go one way or the other, the biggest contests of
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recent history, like a png with the side of retail investors. >> people watch the show >> viewers they really matter now, voting is easy. as you said, this is the most wonderful time of the year, proxy season they can go on their phone, okay, if they're registered. 70% of your viewers are registered to vote electronically and receive the information electronically so through that with three clicks, six proxies this morning. in the middle of the night thame they came in before i had my coffee in the morning, i vote mid six products exis it took less than three minutes, right? and my voice is now being heard. so they matter company management and boards know they matter and they want to hear from you. >> and what do you forgo if you don't do it? >> what you forgo is the same thing that happens in the rest of our lives you have a voice you're here standing up for them companies will be more influenced the more retail
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investors that vote. and activists will take note of retail investors the more they vote >> bristol-myers has come on several times. i've talked to giovanni and i think he has done a remarkable job. he's got to merge. he needs it. his pipe is not as strong as he would like so he is buying celge celgene. there is even what we call a black box, an s&p fund that is voting against this deal how important is this? how individual votes -- who will determine this, in your mind >> if it's going to be a tight election, which many of these issues that you just described where people can look at it pretty evenly one way or the other, it will come down to the retail investors, because remember, one-third of all shares in north america are owned by retail. retail is only voting at a one-third rate. >> that's all? >> through your education we need to get that rate up higher. institutional investors voted over 90% >> oh, geez. i didn't know it was that low.
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that's disappointing it really is. >> but it's easy >> right this afternoon tim sloan resigned because he thought he was being a hindrance to the bank if there were -- i always feel that if people were against him, he would have lost in proxy season, but he didn't. >> no, he didn't >> so he's bowing to the wishes of others, not as shareholders, who if they really felt he was fault. that would boot him. has it ever happened that shareholders -- that ceos are booted by the proxy? >> there have been contests with ceos either didn't get the support they need or even in other activities like say on pay, where boards have taken action, all right. now, your investors are yes >> most retail investors are longer term than people give them credit retirement, fund the kids' education, they need the get solved and look at not what does it mean to me today, but if i got a good stock and it's going to be a good
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long-term stock, let me get behind this management, show them i support them, and give them the intestinal fortitude to make those long-term decisions >> rich, younger people when i ask them about why don't you own stock, they say you know why they don't own stock because these companies are not sustainable. they're not purpose-led, they're not mission driven should those be on a proxy >> what's on the proxy gives you access to the performance results. there is always a management letter which they tell you what their values are, what their goals are. >> they have mission statements. >> you can lock at the performance, match it to that and participate. jim, you talk about younger investors. the way many people first get into investing is mutual funds i really have an important -- i'll call it the cramer broadridge public service announcement. >> all right let's see it. >> about mutual funds. effective january 1, the s.e.c. came out with rule 30e3. don't need to know the number or read the rule. what you need to know if you're
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a mutual fund investor and you're receiving paper today, two years from january 1 of this year, january 1, 2021, you will no longer get this paper unless you take action. >> you need the paper. >> but have i good news. it's going to be really easy >> all right you're going to get an envelope. very likely from broadridge with your broker's name on it there is a qr code right on it put your phone over it, bring to it a brokers site. the great news is you can sign up right then and there for electronic delivery, which means you get all your proxies that way, you'll be able to vote in three click and get your funds >> let me ask you one last fun on mutual funds. if you have dual class of stock like lyft which is coming tomorrow, why should i bother to vote i can't impact those guys. they're gerrymandered. >> dual classes of stock, shareholders have different rights but when you buy it, you went in there eyes open knowing that. >> that's a really good point.
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look, this is a great mission that you're on it's a great mission that i'm on we need education. education the most important thing when it comes to stocks. education. that's rich daly he is executive chairman of broadridge, symbol br. oh, by the way, they do a great job too. but i wanted you to be doing a great job as a shareholder "mad money" is back after the break. - i love my grandma. - anncr: as you grow older, your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health supplement in drug stores nationwide. - she outsmarts me every single time. - checkmate! you wanna play again? - anncr: prevagen. healthier brain. better life.
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"lightning round" is sponsored by td ameritrade >> it is time! it's time for the "lightning round. cramer says -- >> buy, buy, buy, buy, buy, buy. >> sell, sell, sell. >> sell, sell, sell. >> sell, sell, sell. >> and -- [ buzzer ] then the "lightning round" is over you ready skee-daddy start with jerry in florida. jerry! >> caller: hi, jim thank you for taking my call. >> year welcome of. >> caller: i'm like your opinion on pure -- >> it's a very high risk stock i say high high risk it is low reward and high risk i'm going say don't buy, don't buy. noel in new york, noel >> caller: big boo-yah, jim. >> what's happening? >> caller: lly, eli lilly.
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>> can do no wrong >> buy, buy, buy >> 40 straight points, but i don't think it's even finished jeff in virginia, jeff >> caller: love the show, cramer. >> thank you >> caller: hey, last month you discussed nucor steel, nue nice bump with a trade deal. so with the tariffs potentially staying already trading higher on a cash to free price flow basis, the time to get out now or when? >> no, it's fine the ceo did a very good job on squawk today if you believe in steel stocks then you buy nucor, otherwise you don't need it and you don't have to. i need to go to mike until massachusetts. michael? >> caller: hey, jim, thanks for picking up >> of course. >> caller: ask you about hcp incorporated >> this is a hospital health care-related medical offices, senior living company that is good but i prefer, i prefer going
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with ben tass. i think that's a little better yield. here we are 52-week high how about brian in florida brian? >> hey, jim, how you doing >> brian, i can hear you what's up? >> caller: hey, jim, i'm having a competition with my buddy justin he thinks that just because he's in mensa and he speaks french that his profile will be better than mine. he is also a cowboys fan so he can't be too bright. jim, riley wai really want to wn what do i do with my tpi position >> oh, man, you're going to be eating gateaux i think your guy is going to win, and not because he is in mensa and speaks french. john in new jersey, john >> jim, how you doing? >> good. thanks for asking. >> caller: i'm calming about splunk i bought it at $140. i wanted to know on the recent pullbacks if you would buying? >> we don't care where a stock
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is coming from we care where it's going to. i think it's going take out 140 right now. to a rest stop and hang right here i do like the stock. i like the company i wish the company would come on lately i even have splunk swag okay let's go to justin hey, we just heard justin, was that the guy from texas who is losing to the texas commerce guy we need justin in virginia >> caller: jim, boo-yah from virginia how are you doing? >> good. i don't have the cavs to go all the way. i'm sorry. what's up? >> caller: yeah, i got into snap last weekend at $11. >>' eh, you're not doing yourself favor there's i think it's a 9/11, 9/11, 9/11 stock. i don't mean emergency i think it's not going anywhere. joe in my home state of new jersey joe? >> caller: hello, cramer. >> yes >> caller: thanks for all that you do for us. >> year welcome. >> caller: and for all your great advice. >> thank you >> caller: with lululemon crushing earnings, should i
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still hold on to canada goose? >> oh, my, i kept thinking the same thing today i thought did a good job in the last quarter, wasn't enough. no i think lulu, even up here is better than canada goose lulu is going to have a big run. those numbers, they're 17% comp store sales that is incredible we're not done we're going to take eric in massachusetts. eric >> caller: boo-yah, jim. >> boo-yah >> caller: appreciate everybody everything you do through the podcast every day. >> thank you >> caller: hey, my question is on spotify ticker symbol spot >> spotify is fine it's a subscription business it's not hitting it out of the park, but it's fine. just for the record, i like shopify more than i like spotify. let's go to gary in texas. gary >> caller: yes, this is gary >> this is jim gary >> caller: oh, okay. my stock -- boo-yah. >> boo-yah >> caller: mine is dow dupont. >> the gang that couldn't shoot
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straight [ buzzer ] >> they preannounced a really horrendous quarter they said it was just ag, but it's almost every single division my charitable trust owns it and it's right there with cvs as -- >> the house of pain. >> please don't join me in that particular address and that, ladies and gentlemen, is the conclusion of the -- oh, no it's not! we're not done jeff in pennsylvania jeff >> caller: hey, jim. thanks for taking my call. >> not a problem >> caller: hey, last week my wife and i bought a considerable amount of canopy growth. >> right >> caller: and she bought more this morning on the dip. >> okay. >> caller: and now she says she wants to hold it for long-term so join. >> that's okay we don't care where it came from we care where it's going to. i think canopy is the best of the lot, but that's not enough for people i've been saying that for the whole way. if you like tesla, own tesla if you like pot, own canopy.
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it's never called pot, it's cannabis canopy is the best and that, ladies and gentlemen is the conclusion of the "lightning round." >> the "lightning round" is sponsored by td ameritrade read , looked at chart patterns. i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a cure? td ameritrade's trade desk. they can help gut check your strategies and answer all your toughest questions. sounds perfect. see, your stress level was here and i got you down to here, i've done my job. call for a strategy gut check with td ameritrade. ♪ -it's our confident forever plan. -welcome to our complete freedom plan. -it's all possible with a cfp professional.
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diversified. you tell me your top five holdings and i tell you if you're diversified enough, or maybe you need to mix it up a little first a tweet. it says @madmoneyoncnbc, professor cramer, first year anniversary of starting to watch. read three books of yours. big fan of your work, and i'm into buy and do homework i'd love your thoughts on my portfolio. amazon, disney, microsoft, mcdonald's and american water works. american water, we talked about that just last night let's take a look at this. okay how about some tick-tock music there we go. i love tick-tock music utility, entertainment company, what do you call snilt advertising, retail, a tech company, and yes, the largest restauranteur in the world, restaurant, tech, retail, entertainment, and utility i think that is a perfect portfolio. i'm giving it a hallelujah
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♪ hallelujah next up another tweet. this one is from gavin on twitter tesla, estee lauder, bancorp, waste management i am a 29-year-old investor targeting growth thanks this is great insight. i appreciate it. all right. look at this growth, estee lauder, all-time high today because they're just crushing it. he is crushing it. he is crushing it. there you go tesla, a big court date coming up about the contempt citation but tesla is for people who love tesla. waste management, jim fish doing an amazing joj and fifth third bank what do we have in a cosmetic company, we've got a bank, we have a medical, we've got company involved with waste and an auto, and i say fine. all right. let's go to ron in pennsylvania. ron? >> hello, jim. >> ron, how you?
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>> the czar of the stock world. >> let's go to work. . >> i want to thank you from investing by listening and reading your books >> thank you >> my top five stocks are enterprise products, epd, cyrus one, like an income stock instead of a growth stock. >> yeah, i'm familiar with it. >> apple, aapl, and crown castle cti. thank you, jim >> okay. let's go to work [ buzzer ] the largest exporter, apple you know and own it. don't trade it, right? con ed, utility different, crown castle, a tower company, you see the towers the top of buildings, and cyrus one a good real estate investment trust it does not conflict with anything and utility, oil pipeline, tech company, telco, let's call it, the stock is going down because of craziness involving t-mobile.
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i'd be careful and then a real estate investment trust i'm going say yes to that. i think that's good enough and that, ladies and gentlemen, is the end of "am i diversified. stick with cramer. work... ...you have to do more work? every day you're nearly fried to a crisp, professionally! can someone turn on the ac?! no? oh right... ...'cause there isn't any. here- (vo) automatically sort your expenses and save over 40 hours a month. without you, we wouldn't have electricity. our hobby would be going to bed early. (vo) you earned it, we're here to make sure you get it. (danny) it's time to get yours! (vo) quickbooks. backing you.
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♪ tim sloan is a man of his word he sat right here and said look, if i become a distraction to the bank, i will resign. and that's exactly what he did today because the relentless heckhe can hecht -- hectoring of him. this man did his absolute best, and from the best of my knowledge, and i worked forever to find this out, he did not know about what was wrong. he uncovered it and then he got rid of the people who did what was wrong. and isn't that all we can really ask for? like to say there always a bull market somewhere i promise to try to find it for you right here on "mad money." i'm jim cramer, and i will see you tomorrow
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>> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ are darryl and randy lenz with a product to help ease the stress of traveling with children. come on, honey. ♪ (darryl) come on. come on, honey. hi, sharks. my name is darryl.
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